Online retailers in the UK could face rental hikes of up to 10% due to an expected shortage of warehouse space, according to a report by property experts.
There will be a shortage of warehouses over 100,000 sq ft in size within 10 months, found the research by estate company Colliers International, UMC Architects, project management firm Kam Project Consultants and supply chain consultancy Total Logistics.
Steven Mitchell, industrial and logistics director of Colliers International, said the shortfall in some areas, such as the Southeast, could see rents increase between 5% and 10% by the end of 2016.
He also warned that delivery times could lengthen.
Any firm wanting to expand should look early and property developers should look to build more, the group of companies said.